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20110701
20110731
Search Results 0 to 18 of about 19 (some duplicates have been removed)
before midnight. jon karl is watching it all from capitol hill. the speaker says he'll try again today. >> reporter: he will. but, george, this debt ceiling crisis has become a political crisis for republicans. boehner's going to convene all 240 house republicans this morning to make 1 final push for it. but the reason he pulled the bill last night is he just couldn't get enough republicans to pass his own bill. republican leaders worked late into the night, trying to get the votes to pass their own debt ceiling bill. reporters swarmed around utah republican jason chaffetz as he emerged from a tense meeting in speaker boehner's office. he told us he's still not sure. how much pressure is there on you to change your mind on this? >> i'm very plenty surprised that they are not twisting and ripping arms off. >> reporter: the speaker said he can't do his job if you guys aren't there to support him. >> i am fully supportive of the speaker. >> reporter: this is his most important vote yet as speaker. >> i just can't support his bill. but i do support the speaker. >> reporter: but for speaker
jon karl who's been all over this story from the jump. jon, we've got the boehner plan and the reid plan. everybody in washington knows neither of these things can pass, so what, if anything, is being done right now to craft some sort of compromise? >> reporter: well, there are, as you heard jim mention, quiet negotiations going on between harry reid and mitch mcconnell. trying to find middle ground. mitch mcconnell has been on the phone several times, a many told, with vice president biden over the last several days. they are trying to find one last-ditch effort to get what everybody knows needs to happen, dan, and that is something that has bipartisan support. i got to tell you, though, the atmosphere is so poisoned here, the question is, once they get that agreement, can they pass it? >> well, let me pick up on that because there's been so much tough talk, even some trash talk, i wonder if there is another wiggle room rhetorically for r e hard-liners on either side to back down. >> reporter: well, i think there -- maybe not the hard-liners, but i think there actually is wiggle ro
security check riding on the outcome. abc's jon karl joins us now, from washington, with the latest. what about it? how close are we finally to a deal? >> reporter: getting close to a deal with the house speaker, john boehner. the outlines of this deal include up to $3 trillion in spending cuts over the next ten years including some cuts to popular entitlement programs like medicare and social security. also, elizabeth, it would include a promise or a commitment that congress would bring more money in through tax revenues by reforming the code, closing some of those loopholes. that's something that congress would act on over this last year. >> that last one, isn't that disguise? a tax increase in >> reporter: well, certainly some will call it that. the rates won't go up. congress would have to act over the next year. if they didn't ago, automatic steps would be taken that both sides wouldn't like which would be tax hikes and spending cuts. possibly, elizabeth, they're talking about repealing part of the health care bill. >> even if president obama and speaker boehner reach a deal they hav
following overnight but democrats and republicans seem no closer to a deal. abc's jon karl is covering it from capitol hill. we are seeing fire from the house speaker. >> reporter: we sure are. this vote today on his debt ceiling plan is the highest-stakes vote of his term as speaker of the house, and he is doing everything he can to get those tea partyers in line. john boehner is now demanding republicans stand with their party. in a closed door meeting he had a stern message for tea partyers who just don't like his debt ceiling plan. boehner told them get your ass in line. sources at the meeting tell abc news, a day after another republican leader attempted to rally the troops with a clip from the movie "the town." >> i need your help. i can't tell you what it is. you can never ask me about it later and we're going to hurt some people. >> which car are we going to ta take? >> reporter: allen west liked what he heard. >> i told him i would drive the car. >> they could have used "rudy," "hoosiers," "band of brothers" but this is the movie they decided on. >> reporter: maybe they can us
markets. let's get a reality check from abc's countdown team. jake tapper at the white house. jon karl on capitol hill. bianna golodryga from the new york stock exchange. looking at the asian and european markets overnight, there seems to be concern but not panic yet, bianna. >> reporter: that's right. wall street seems to be patient with washington. markets opening blower. just about 130 points lower. not the knee jerk reaction that people were fearful of. things are still at an impasse. even though the markets aren't selling off, people are concerned about what's still on the table a credit downgrade. the s&p says the u.s. could lose its aaa ratings in the next three months. that would mean that interest rates go higher. it would be more difficult for people to get a loan out there. and it could be a big burden for this economy, as we're just starting to recover. george? >> jon, they had been hoping on capitol hill to come up with some sort of deal before the markets opened today. that has not happened. it seems, the only thing that everyone seems to be accepting th
and social security in return for republicans accepting major changes in the tax code. abc's jon karl joins us from washington. all talks secret up until now. what more do we know about what president obama and the speaker of the house have been discussing? >> reporter: we know they're talking about a big deal here, george. as you mentioned, this would mean that the president would go along with reductions in spending to social security and medicare. most likely cost of living increases going down. and in exchange, republicans would accept some increase in tax revenues as part of an overhaul of the tax code. as one top administration told me, we need to do something unthinkable on entitlements. they need to do something unthinkable on taxes. >> unthinkable may be the word. these talks have been going on between the president and speaker boehner. but there hasn't been a lot of discussion among the wider conferences in the house and the senate democrats and republicans. and i guess the big question coming out of today's meeting, when other leaders find out about it, is it something they can w
? >> jon, they had been hoping on capitol hill to come up with some sort of deal before the markets opened today. the only thing that everyone seems to be accepting that any deal won't include any new tax increase. >> that's the big deal. you have harry reid coming up with a plan for democrats. that he says includes $2.7 trillion in spending cuts over the next ten years and gives the president the debt ceiling increase that takes him all of the way to 2013. republicans are already saying that those -- his plan includes gimmicks and phantom cuts. so the republicans are coming up with their plan, which would include about $1 trillion in cuts now. it would require the president to come back to congress next year to ask for another debt ceiling increase. >> that's the huge sticking point for the white house. the president has made it clear time and time again that he won't sign a short-term increase. he squashed it at the meeting last night. >> republicans leaders have said that as well. they didn't want any short-term solution to this problem. they changed their tune on this. white house said
said absolutely no benefit cuts. >> that's right. he stressed that several times. jon karl, thanks very much. we return now to our regular program. diane sawyer will have a full wrap-up on "world news." thanks for joining us. have a good day. >>> thank you for starting with the workweek with us. catch diane tonight. bye-bye now. údúdúdúdúdúdúdúdúdúdúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúúú naturals from purina cat chow. delicious, real ing
Search Results 0 to 18 of about 19 (some duplicates have been removed)